The big four’s magic realism

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Latest Briefings

Future of public procurement in UK in the event of ‘no-deal’ Brexit

By David Kilduff, Richard Auton or Richard Butterworth On 13 September 2018, the UK government published further guidance on the future of public procurement in the UK in the event of a “no deal” Brexit. What next for UK public procurement? Under current rules, all procurement opportunities that fall within the scope of the EU procurement […]

Third party redevelopment – Landlord may oppose tenant’s lease renewal

By Matthew Lonergan, Lucy Shepherd A recent case has confirmed that a landlord was entitled to oppose its tenant’s lease renewal under the Landlord and Tenant Act 1954 where redevelopment of the site was to be undertaken by a third party. Background The case of Santander UK PLC v LPS Estates Ltd concerned the security of […]

Sunset of £500K, dawn of GDPR enforcement and horizon of Brexit

By JP Buckley In just a short space of time, the ever-evolving world of data protection and cyber has seen yet more change: 1. Potentially one of the last enforcement actions under the Data Protection Act 1998 against Equifax – and a maximum £500,000 fine for them for failing to secure UK citizens’ personal data against […]

Officer of judgment debtor can be committed for failure to provide information under CPR 71 – Court of Appeal

Deutsche Bank AG v Mr Alexander Vik [2018] EWCA Civ 2011 This judgment is the latest instalment in the long-running litigation between Deutsche Bank (“DB”) and the Monaco-based billionaire, Alexander Vik. In 2008, Mr Vik’s personal investment vehicle, Sebastian Holdings, Inc. (“SHI”), incurred huge debts to DB after it made a series of heavily loss […]

BVI to implement changes to rules governing SPCs registered under BCA

By Michael Killourhy The British Virgin Islands (BVI) will shortly implement some important changes to the rules governing segregated portfolio companies (SPCs) incorporated or registered under the BVI Business Companies Act, 2004 (BCA). These changes, introduced by the BVI Business Companies (Amendment) Act, 2018 (the 2018 BCA Amendment Act) will come into force on 1 October […]

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Linklaters: friends and finance

Previous blogs: 03-July-2008, Simmons & Simmons: on the up 03-July-2008, Top of the PEPs Revenue PEP Table Clifford Chance will be breathing a sigh of relief after Linklaters failed to steal its crown as the world’s number one law firm in terms of turnover. Linklaters, however, is catching up and is now only £36m behind […]

Bakers swoops on PwC for 22-strong team

Baker & Mckenzie Moscow has raided the legal arm of ­accountancy giant PricewaterhouseCoopers (PwC) for a team of 22 including three partners. Bakers’ Russian practice now has 26 partners in Moscow and St Petersburg . The three ­partners are real estate lawyers Konstantine Kouzine and Maxim Kuznechenkov and corporate partner Igor Makarov. They bring with […]

No Longer Lost At Sea

Graham Kershaw looks at the implications for traders and carriers of the UN Convention on Contracts for the International Carriage of Goods wholly and partly by Sea. If all goes to plan, the snappily titled Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea will be presented to the UN […]

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Teen plunders thousands from Freshfields

A teenager on work experience at Freshfields Bruckhaus Deringer has been jailed for five months after stealing thousands of pounds from the magic circle law firm. Titilayo Olaifa, who was on placement in Freshfields’ accounts department through the Career Academies UK internship programme, stole 11 cheques and wrote six totaling £60,000 to herself. Four of […]

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Linklaters fails to overtake Clifford Chance with £1.29bn turnover

Linklaters fails to overtake Clifford Chance with £1.29bn turnover” />Linklaters has posted an increase in turnover of 15.3 per cent to £1.29bn, retaining its position behind Clifford Chance as the UK’s second largest firm in turnover terms. Linklaters managing partner, Simon Davies (pictured), said he was satisfied with what he called a robust performance, adding […]

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